Invesco Ltd. (NYSE:IVZ) Announces $0.21 Quarterly Dividend

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 0.21 per share by the asset manager on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th.

Invesco has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Invesco has a payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 40.6%.

Invesco Trading Up 2.6%

IVZ stock traded up $0.71 during trading on Wednesday, hitting $27.87. The company had a trading volume of 2,753,650 shares, compared to its average volume of 5,905,190. The firm has a market capitalization of $12.40 billion, a P/E ratio of 18.96, a PEG ratio of 0.50 and a beta of 1.65. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $23.73.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the transaction, the director owned 192 shares of the company’s stock, valued at $4,523.52. This trade represents a 99.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Invesco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital A Wealth Management LLC grew its position in Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after buying an additional 1,633 shares during the last quarter. CNB Bank acquired a new position in shares of Invesco in the 3rd quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Invesco in the third quarter worth about $30,000. Sentry Investment Management LLC acquired a new position in shares of Invesco in the 3rd quarter valued at approximately $30,000. Finally, American National Bank & Trust acquired a new position in Invesco in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.